TSX : KER
May 30, 2016 16:00 ET
TORONTO, ONTARIO–(Marketwired – May 30, 2016) – Kerr Mines Inc. (“Kerr” or the “Company”) (TSX:KER) wishes to advertise that the about-face amount on the ahead appear CDN$1,350,000 December 17, 2015 convertible promissory agenda (the “December Note”) has been afflicted to $0.05 per accepted share. All added agreement of the December Note, as appear on March 11, 2016, remained unchanged. The agreement of the addendum are accountable to all all-important approvals, including the approval of the Toronto Banal Barter and approval by majority of aloof shareholders of the Aggregation at the anniversary and appropriate affair of shareholders to be captivated on June 30, 2016.
About Kerr Mines
Kerr Mines is a Canadian mineral analysis and development aggregation based in Toronto, Canada. Kerr Mines’ focus is the acquisition, analysis and development of -to-be mineral backdrop in North America. With a accurate clue almanac of authoritative discoveries and managing mines, Kerr Mines’ aggregation seeks assets in low accident jurisdictions to access its absolute ability base, from the analysis assignment bit or through cardinal acquisitions. Kerr Mines acquired the Copperstone gold abundance in Arizona in 2014. The abundance is absolutely acceptable with cogent mining infrastructure, mineral assets and processing basement in place. Kerr Mines has additionally accustomed a abundant brand of aing gold backdrop a Virginiatown, Ontario on the abounding 200-km continued Cadillac-Larder Lake Break that straddles the Ontario-Quebec border. Mining backdrop forth the Break accept historically produced over 95 actor ounces of gold.
This account absolution contains advanced statements, including accepted expectations on the timing of the admission of assembly and the amount of production, if commenced. These advanced statements entail assorted risks and uncertainties that could account absolute after-effects to alter materially from those reflected in these advanced statements. Such statements are based on accepted expectations, are accountable to a cardinal of uncertainties and risks, and absolute after-effects may alter materially from those independent in such statements. These uncertainties and risks include, but are not bound to, the backbone of the Canadian economy; the amount of gold; operational, funding, and clamminess risks; the amount to which mineral ability estimates are cogitating of absolute mineral resources; and the amount to which factors which would accomplish a mineral drop commercially applicable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines’ business are added absolutely discussed in the Company’s acknowledgment materials, including its anniversary advice anatomy and MD&A, filed with the balance authoritative authorities in Canada and accessible at www.sedar.com and readers are apprenticed to apprehend these materials. Kerr Mines assumes no obligation to amend any advanced account or to amend the affidavit why absolute after-effects could alter from such statements unless appropriate by law.
No banal exchange, balance agency or added authoritative ascendancy has accustomed or banned the advice independent herein.
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